Posted August 9, 2009 - Gordon Brown's Gold
Bottom
Updated April 20, 2009
This
is the very end of the Empire and the Pound (Sterling - the sterling is lost -
sold by Brown & Co). Thank you Politicians for a job well done!
During the early 1900,s the United
Kingdom was ‘the Empire’ controlling most of the world and the Pound
Sterling was
‘the reserve currency’. Less than 100 years later, England is the
only remainder of the Empire. The Pound Sterling has not only lost its position
as the World Reserve Currency, its paper value also kept sliding against the
value of other Fiat Paper currencies as the manufacturing entity was outsourced
and replaced by a service economy. A bicycle 'Made in Britain' still costs
£ 500. A lot more than what the Chinese
ask...British politicians have led this beautiful isle into the last act. How
long will it now take before the citizens come up for their rights and clean the
system? Iceland people do so!
Historically, the UK has always
been 'the canary' in a cage for the European continent and the Western world
(USA)....The breakdown of the Sterling is the forerunner of a breakdown of the
Dollar...!
The UK is run by a man who managed to sell
England's Gold at the very bottom! The people who let such a man run the
country, are now getting what they deserve...
Conventional political
analysis suffers from a profound failure of imagination. It imagines passing
clouds to be permanent and is blind to powerful, long- term shifts taking place
in full view of the world. Economic
decisions made for political reasons, result in inefficiency and corruption
This hard-to-fault insight into the
destructive nature of economic excess was given by Gordon Brown in his Budget
speech of 1998. Later, as if to prove his point, the then-chancellor
orchestrated a public and private spree of outrageous consumption that ruined
the economy. Gordon Brows' fingerprints are all over the
disaster 'Made in England" !
Click here for more...
On several
occasions we explained the problems of the UK could be bigger than those of the
USA.
The Pound
is a victim of the economic problems in the UK and its weakness is seen as at
least part of the solution to those issues. However, the speed with which the
currency has lost value has surprised most investors and it remains one of the
world's weakest currencies. This probably happened after the interventions of
the central bank became ineffective.
"It is going to be absolute murder in Britain if inflation turns negative,"said Professor Peter Spencer
from York University. "The big difference with past episodes is that we are now
much more heavily indebted. Few people owned their own houses in 1930s. Debts
were miniscule." But even is we have Hyperinflation (and we maintain that
we shall first see Hyperinflation), the economy will fall into a depression. In
both scenarios GOLD and SILVER are the best insurance one can have. In case of a
deflation the Authorities will have no alternate than to issue a MORATORIUMon
their debt and will so wipe out so said stable savings. This is done
automatically in case of a hyperinflation.
Posted February 2, 2009
Revealed: Day the banks were just
three hours from collapse
By
Glen Owen
Last updated at 11:21 PM on 24th January 2009
Britain was just three hours
away from going bust last year after a secret run on the banks, one of
Gordon Brown's Ministers has revealed.
City Minister Paul Myners
disclosed that on Friday, October 10, the country was 'very close' to a
complete banking collapse after 'major depositors' attempted to withdraw their
money en masse.
The Mail on Sunday has
been told that the Treasury was preparing for the banks to shut their doors to
all customers, terminate electronic transfers and even block hole-in-the-wall
cash withdrawals.
Only frantic behind-the-scenes
efforts averted financial meltdown.
If the moves had failed, Mr
Brown would have been forced to announce that the Government was nationalizing
the entire financial system and guaranteeing all deposits.
But 60-year-old Lord Myners was
accused last night of being 'completely irresponsible' for admitting the scale
of the crisis while the recession was still deepening and major institutions
such as Barclays remain under intense pressure.
The build-up to 'Black
Friday' started on Monday, October 6, when the FTSE
100 dropped by nearly eight per cent as bad news on the economy started to
multiply.
The following day, Chancellor
Alistair Darling began all-night talks ahead of an announcement on the Wednesday
that billions of pounds of taxpayers' money would be used to pour liquidity into
the system.
Chancellor Alistair Darling warns slump could be the worst
for 60 years Philip Webster, Political Editor
Britain could be heading for its worst economic downturn for 60 years and voters
are fed up with Labour because ministers have failed to explain its central
mission, Alistair Darling has said.
The normally cautious Chancellor has given by far his most explicit warning both
of the problems lying ahead and of the reasons behind Labor's current plight.
Mr. Darling’s Pre-Budget Report in the autumn is regarded as crucial to any hope
of a Labour recovery, and he has been closely involved in a series of economic
rescue packages that will be made public over the next three weeks.
He has been arguing for some time that a struggling economy is the true reason
why Gordon Brown is finding it hard to lift Labour from its opinion poll lows,
and has clearly decided that frankness with the electorate is the best way of
explaining the current difficulties. There have been suggestions that Mr. Darling
might be moved in an imminent reshuffle, but The Times understands that that is
unlikely to happen.
Click here for more...
Posted December 6, 2008
According to the
International Monetary Fund, Britain's account gap has regularly hit record
highs and will in relative terms exceed that of the US in 2008-09.
The fall in the
pound is a boost to exporters, and is making up for Britain's lagging
productivity performance and helping the economy shift away from its reliance on
debt-fuelled consumer spending. This becomes more and more important as Britain
is also living peak oil and income from crude oil exports start to dwindle.
Additionally, a boost to manufacturing is needed to offset the weakness in
services from the credit crunch.
A collapse of the pound is inevitable,
irrespective of which way rates go, it will just alter the timing, but the end
result will be the same. Like the USA the UK is bunged up with not repayable debt and falling
asset values in EVERY sector - banks, businesses, households and government.
The pound might
have to fall another 20% to bring UK manufacturing competitiveness in line with
the EU and the Euro. Now that the USA is running into structural problems, I
expect the UK to adjust its' policy in line with the EU. The British Real Estate
bubble has also busted and the weaker Sterling has also cut the spendable income
of those which emigrated to the continent (France, Spain and Portugal). Even the
City is being hammered as many loose their jobs in the financial sector.
The Pond was a Roman invention.
One could pay with it, and receive smaller coins as change…all by all one could
use it all over Europe in an even better way then one can use the Euro today.
The reason why the Pond disappeared
is that the Roman emperors debased it. In other words, they added more and more
other metals to the Ponds that were made out of Gold and silver.